Tuesday, July 12, 2022

NQ Guideline For Wednesday

A down day for NQ on Tuesday.It started the day with a gap-up open, then after a brief rally reversed back down and then trend down all day with a long consolidation before the end of day down trend came in.

NQ dropped down to support and was in oversold zone on the intraday five minutes time-frame near the close. 

Key intraday inflection price level for NQ is at 11,850, bullish above, bearish below it. NQ down need to open with a gap-down below 11,600 and then tanked down hard to cause a trending down day.